Aramark Holdings Corp. (ARMK) PT Lowered to $41.00
Aramark Holdings Corp. (NYSE:ARMK) had its target price decreased by equities research analysts at Royal Bank Of Canada from $42.00 to $41.00 in a report released on Wednesday. The brokerage presently has a “top pick” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 20.20% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, October 4th. Macquarie started coverage on Aramark Holdings Corp. in a report on Thursday, August 25th. They set an “outperform” rating and a $44.00 price target on the stock. Barclays PLC upped their price target on Aramark Holdings Corp. from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. RBC Capital Markets restated a “top pick” rating and set a $42.00 price target (up previously from $40.00) on shares of Aramark Holdings Corp. in a report on Saturday, August 13th. Finally, Bank of America Corp. upped their price target on Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Aramark Holdings Corp. presently has a consensus rating of “Buy” and a consensus target price of $40.92.
Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 34.11 on Wednesday. Aramark Holdings Corp. has a one year low of $29.18 and a one year high of $38.30. The firm has a 50-day moving average price of $36.71 and a 200 day moving average price of $35.58. The firm has a market cap of $8.32 billion, a P/E ratio of 32.49 and a beta of 0.58.
Aramark Holdings Corp. (NYSE:ARMK) last posted its earnings results on Tuesday, November 15th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Aramark Holdings Corp. had a return on equity of 18.92% and a net margin of 1.81%. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Aramark Holdings Corp.’s revenue was up .0% on a year-over-year basis. On average, analysts forecast that Aramark Holdings Corp. will post $1.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Monday, November 28th will be given a $0.103 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a boost from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.21%. Aramark Holdings Corp.’s dividend payout ratio is 35.85%.
Several hedge funds have recently made changes to their positions in ARMK. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Aramark Holdings Corp. during the second quarter worth about $107,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Aramark Holdings Corp. by 61.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,900 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the period. MU Investments Co. Ltd. purchased a new stake in shares of Aramark Holdings Corp. during the second quarter worth about $148,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Aramark Holdings Corp. by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,806 shares of the company’s stock worth $175,000 after buying an additional 165 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Aramark Holdings Corp. by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock worth $179,000 after buying an additional 550 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.
About Aramark Holdings Corp.
Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform).
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